SES (OTCMKTS:SGBAF) Trading 21.3% Higher – Time to Buy?

Ses S.A. (OTCMKTS:SGBAF)’s stock price rose 21.3% during trading on Wednesday . The stock traded as high as $9.10 and last traded at $9.10. Approximately 3,250 shares were traded during trading, an increase of 1% from the average daily volume of 3,228 shares. The stock had previously closed at $7.50.

Wall Street Analyst Weigh In

Separately, New Street Research downgraded SES from a “neutral” rating to a “sell” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

SES Trading Up 6.8%

The business’s 50-day moving average is $8.98 and its two-hundred day moving average is $7.85. The company has a current ratio of 0.87, a quick ratio of 0.80 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $5.04 billion, a PE ratio of -20.57 and a beta of 0.95.

SES (OTCMKTS:SGBAF) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $991.17 million during the quarter. SES had a positive return on equity of 0.82% and a negative net margin of 4.96%.

About SES

SES (OTCMKTS:SGBAF) is a leading global satellite operator headquartered in Betzdorf, Luxembourg. The company provides end-to-end satellite communications services, leveraging a fleet of geostationary satellites under the ASTRA and SES brands, as well as medium-earth orbit satellites through its O3b network. SES serves a diverse range of customers in the broadcast, telecom, maritime, aviation and government sectors, delivering managed video distribution and high-throughput data connectivity solutions worldwide.

The company’s video business enables broadcasters and content distributors to reach television audiences across Europe, North America, Latin America, Asia-Pacific and Africa.